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long? >> until september 30th i believe. >> and then there will be a debt ceiling fight in may. >> bill: i was getting to that. >> that's right. and republicans said if you are going to raise the debt ceiling they still want the same amount of cuts to go through. president obama has made it very clear to house republicans he is not going to negotiate on debt ceiling, just pass it clean, but they are probably going to put up a fight. >> bill: democrats last time made a lot of political hay, by taking the ryan budget and hanging it republican's necks. and they are going to do that this time? >> i am told they are making at it central focus of the 2014 campaign. however, republicans -- remember what happened last time. and they are trying to get out in front now. this budget balances the budget in ten years. they are confidence the balanced budget message will resinate with the american people. and so there are the first television ads using the balanced budget message as their key point in new york and florida. >> bill: interesting they would pick new york and f
. the debt ceiling. so we only have one out-perform rating right now, which is technology. that's been a long-standing outperform for us. one underperform was consumer discretionary which is the potential for problems because of the tax increases. it turns out it's not having the impact on consumer spending as a lot of people thought. >> great advice. thank you so much. great to you on the prom. liz ann sonders and heidi moore joining me. up next, we're on the money. what is starbucks' recipe for success? my conversation with the company's founder and ceo about how he wants to do for tea what he has done for coffee. >>> and how health care may not be so healthy a business. >>> and later, talking tough on the smartphone market. can a new phone from a glass economy not so far away take a bite out of apple? what innovation means for your personal technology use, as we take a look at how the stock market ended for the week. back in a moment. >>> welcome back. president obama pushing for an increase in the minimum wage to $9 an hour. but business is debating the unintended consequences of such a m
required and order to raise taxes or to break the debt ceiling that we have, to increase the debt ceiling. if we do that, if we put a balanced budget amendment on the floor of the house and senate and if it passes i'll be ready to look at increasing the debt ceiling for the president. if that doesn't happen, i don't see a reason to raise the debt ceiling. let's stare him down on that until somebody gives in. we need to get this spending under control. and the irresponsible policies is not the way to go. obamacare needs to be repealed. we need to restore the rule of law in this country. we got to shrink down the welfare package that's out here. 80 different means tested welfare programs in the united states, just $2.5 trillion for the illegal component of this. a whole lot more if we don't get these entitlements under control. mr. speaker, the solutions are here. they are on this side of the aisle. they're actually in the platform. i endorse many of them. i appreciate your attention and i yield back the balance of my ime. the speaker pro tempore: the gentleman yields back his time. does th
black male on the debt ceiling. ceiling does not taste do not spend more money. -- does not say do not spend more money. you cannot payy, the bills and have to pay the bills. otherwise the country defaults. you have to pay the bills. ceilingraised the debt 77 times since world war ii. in the end, you have a vote for it and everybody knew that. until now. if you increase the debt ceiling, you have to cut spending by an incredible amount over 10 years. they were going to make the false. -- to make as default for the congress voted for will $0.20 trillion specified in -- todeficias a percent of the eco. if you el ten del dollars on a credit card, as that a lot or a little? -- if you owe $10,000 on your credit card, is that a little or a lot? to look and how burdensome the debt is, you have to take a percentage is. we have reduced the debt as a from 10.1% togdp 5.3%. we have cut it in half. the fastest reduction in the deficit since the demobilization after world war ii. vote against the sequester. at the three have done what we need to do on the debt right now. -- i think we have done
when he rattled off a list of potentially dangerous consequences of not raising the debt ceiling back in 2011. >> no federal government employees, including counterterrorism agents, in the fbi, for example, no border agents. now, before we default, we could have time to make this sign for all points of entry. that's just the tip of the iceberg. >> i think he was being sarcastic, don't you? >>> now to the ones who were ill advised for whatever reason. first iowa republican congressman steve king with the solution for illegal immigration in the form of a construction project on the house floor. >> you can't shut that off unless we build a fence and wall. i want to put a fence in and a wall in. i designed one. this would be an example, then, of how that wall would look. you can also deconstruct it the same way. you can take it back down. i also say we need to do a few other things on top of that wall. one of them put a little bit of wire on top to provide a disincentive for people to climb over top or put a ladder there. we can electrify this wire, not a current that would kill anybody,
ceiling to be increased because he was spending so much money. republican said, ok, we will raise the debt ceiling for the country does not default, but only if you agree for a dollar for dollar reduction in spending over the next decade. and so, yet $2.50 trillion of spending restraint -- not real cuts but spending less than obama had hoped. in washington that is called a cut. if you wanted 10 of something and you only got eight of something, you say i got cut two. if you actually walk away with eight. so, that was a $2.50 trillion spending reduction over the next decade. it has not happened yet. we have several problems facing us. the trillion dollars in the obamacare tax increases that hit this decade, that begin to hit now. oddly enough, the president and the democrats in the house and senate decided to put the tax increases, the bulk of them, after the 2012 elections. so, everybody voted and now the tax increases hit. it is not helpful for the economy and i think it is going to be unpleasant for voters. from ron is up next watertown, south dakota. democrats' line. caller: thank you fo
Search Results 0 to 5 of about 6

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